Optimizing costing processes and methods

OPTIMIZING COSTING PROCESSES

Many of our customers use the introduction of integrated costing software to review the status quo of their costing processes. Existing processes and structures are analyzed and previous methods are critically examined. The following aspects stand in the focus:

• Centralized or decentralized organization of costing departments
• Planning, progress monitoring, and exchange of costing figures
• Use of costing in development, purchasing, and sales departments
• Inclusion of production and assembly methods in costing schemes
• Integrated software solution for costing tasks
• Streamlining of costing methods and data
• Greater cost awareness across company
  

Advice in relation to processes and methods

Our experts offer structured process and method consulting that analyzes existing processes, structures, methods and software solutions in the area of cost calculation. We then define optimization measures together with our customers, identify potential savings and agree on the next steps.

FACTON specializes in business consulting for process and method optimization and promotes best practice.

A proven model for process optimization

Process optimization projects follow a proven pattern of three steps. The level of detail and project duration vary depending on the objective and scope of consideration.

1. Status quo analysis: FACTON specialists evaluate the existing structures, processes and methods. This is done by means of standardized tools and benchmarks. For this purpose, the business consultants might use the tried and tested FACTON benefit analysis tool: for this process, the strengths and weaknesses at management and operations levels are evaluated based on a questionnaire. A similar approach is used to assess the currently used methods and IT systems.
2. Workshops for the definition of targets: The results of the status quo analysis are discussed with the client in workshops in order to identify the desired state. Based on the objectives, the necessary actions are defined and prioritized.
3. Identification of measures for improvement: In a third step, the measures to be taken to achieve the set goals are developed. In this process, the cost savings are quantified and an implementation plan is drawn up in cooperation with the client.

Upon request, FACTON also accompanies the implementation of the improvement measures.